RIPCO Real Estate is pleased to announce the acquisition of Branded Concept Development’s restaurant brokerage. BCD CEO Andrew Moger will take on the title of RIPCO Vice Chairman. Moger’s investment and advisory arm, BCD Strategic Investments, will continue to be a separate entity. Moger will be charged with hiring in each of RIPCO’s current markets in New York City, New Jersey, Connecticut, Long Island, Miami and Tampa. BCD is a leasing brokerage focused on food and beverage brands. The firm, which was founded in 2001, includes local clients such as Westville and The Smith, as well as larger national clients like Benihana and Panera Bread.
This is BCD’s second big change in as many years. Last year, the firm’s project management division was acquired by Philadelphia-based real estate consulting firm Watchdog Real Estate Project Management. The acquisition was designed for Watchdog to expand its customer base in the tri-state area, while BCD could take its services nationwide.
RIPCO has been a commercial real estate brokerage for three decades, but has zeroed in on submarkets, like the cannabis sector. The brokerage established a team in the wake of New York’s legalization of marijuana to focus on representing tenants and landlords looking to lease space for recreational and medical marijuana sales in the tri-state area. As of late February, RIPCO had 35 clients that took a collective 125,000 square feet across the region.
As featured in The Real Deal